Business administration

Business administration is the day-to-day management of a business, including business operations, decision-making, the organisation of people and resources. This is particularly important for businesses in the construction industry, which are subject to the boom and bust cycle of the economy, can involve large numbers of projects, significant financial risk and cash flow problems. It is common for businesses in the construction industry to become insolvent because of poor business administration.

There are many different roles that are related to business administration at different levels of company hierarchy. This can range from business administrators and business support officers who may work as part of an office; the officer manager who oversees the entire office; assistant managers who may oversee several different offices, branches or projects; and the Chief Executive Officer (CEO) who is the head of overall operations in business administration.

Depending on the size of the company, the CEO may have several directors or deputies, each of whom will be responsible for one area of company operations, such as construction, infrastructure, innovation, and so on.

In its widest sense, business administration can be considered to cover the following: